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Comment by eterm

1 day ago

I had the opposite takeaway.

Companies with strong financial performance don't tend to use words like "encouraging". That is the language you get from companies that are in trouble and hoping for recovery.

Talking about people's enthusiasm for their mission is just straight up dodging the question itself.

If I read their income statement from Q3 correctly it is comparatively not doing great.

01.01.2025 to 30.09.2025 net profit 910 thousand PLN I think.

01.01.2024 to 30.09.2024 net profit 32 thousand PLN.

With "from 1 January to 30 September 2025: 4.2365 PLN/EUR and from 1 January to 30 September 2024:4.3022 PLN/EUR."

It is not that much. So splitting it off probably make sense for the CD Projekt.

  • https://www.cdprojekt.com/en/investors/result-center/q3-2025... [has a bunch of files at the bottom too, for more data]

    > Consolidated net earnings during the reporting period stood at 193 million PLN – 2.5 times more than during the corresponding period of the previous year, which results in a net profitability of 55%.

    Maybe I don't understand "profits above all" sufficiently well as some of my peers, but that seems Good Enough to me.

    • Overall CD Projekt is doing well, but cut associated to GOG.COM is paltry as shown above.

  • I'm not sure I understand your figures. What is "32 thousand PLN", surely their entire annual profit for all of 2024 was not literally 32K PLN (approx. 9K USD)? Is this measured in millions? And whatever they're measured in, surely 32K to 910K in the span of a year is considered excellent progress?

  • Is this taken from some LLM?

    The first two numbers perhaps make sense, the 4,3022 looks like EUR/ PLN exghange rate..

I guess I trust them that if they would be in trouble, they'd say so, not say "GOG is stable". But I've been wrong before, could be in this situation too, I guess I'm more hoping that they wouldn't lie to their users in their face like that.

This goes for publicly traded companies much more than privately owned ones.

GOG is now becoming private like Valve rather than publicly traded.

I had the same takeaway -- in fact, I think it's CD Projekt who hopes to distance themselves from GOG.